Choice Checking accounts must have a total of $300 or more in monthly direct deposits for your checking account to be free.

You can also avoid the monthly service fee if you maintain a $1,400 average monthly collected balance or maintain a $5,000 average monthly collected balance in combined deposit balances (checking, savings, money market) at the bank.

Bank of Albuquerque Promotional Details

The $50 offer is valid for personal checking accounts opened through February 28, 2014.

This offer is not available on account conversions and is limited to new personal checking account households only.

There is a $50 minimum opening deposit balance requirement.

The bonus will not be considered part of the minimum opening deposit.

The bonus cash is considered interest and is reportable on IRS Form 1099-INT.

Your checking account must remain open for a minimum of 6 months, or the $50 will be debited from the account during the closing transaction.

There is a limit of 1 account bonus per household.

Your first recurring direct deposit such as Social Security, Pension, or Payroll must be completed within 60 calendar days of your account opening date.

Eligible Debit Card transactions must be at least $10 per transaction.

ATM transactions such as withdrawals, deposits, or transfer are not eligible.

The 10 eligible Debit Card transactions must be posted to your account within 60 calendar days of your account opening date.

The $50 will be automatically deposited 6 weeks after the conditions noted above have been met provided the account is in good standing.